Brokerages Set Highwoods Properties, Inc. (NYSE:HIW) Price Target at $30.86

Shares of Highwoods Properties, Inc. (NYSE:HIW) have earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.86.

A number of equities analysts have recently weighed in on the company. Mizuho upped their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 target price for the company. Finally, Truist Financial dropped their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th.

Institutional Investors Weigh In On Highwoods Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Highwoods Properties by 5.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 383 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in Highwoods Properties by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 15,001 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 593 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in Highwoods Properties by 6.0% during the fourth quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 660 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 675 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

HIW opened at $29.34 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The firm has a market cap of $3.16 billion, a PE ratio of 30.88 and a beta of 1.25. The business has a fifty day simple moving average of $29.15 and a 200-day simple moving average of $31.19. Highwoods Properties has a fifty-two week low of $23.52 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, equities analysts predict that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s payout ratio is currently 210.53%.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.